Logo of Phnom Penh Post newspaper Phnom Penh Post - Government may follow rice goal with one for rubber

Government may follow rice goal with one for rubber

Government may follow rice goal with one for rubber

The Cambodian government considered setting rubber production and exportation goals similar to its milled rice objective set for 2015, Prime Minister Hun Sen said during a speech to government and public-sector working groups.

“Agriculture is potentiality very big. Now we just issued a rice policy target, and in the next few years we will probably set up a rubber production promotion and export policy because we have huge increases in plantations,” the premier said on Wednesday at the Council of Ministers.

Mong Retthy, president of agriculture firm Mong Retthy Group, said he supported the policy given rapid growth in the Kingdom’s rubber production, as well as increased global demand for the commodity.

“If the government released the policy, I think the sector would improve very fast,” Mong Retthy said, adding that his group has 2,000 hectares of rubber plantation in Sihanoukville province.

While government officials recently insisted on the impending success of its goal to export 1 million tonnes of rice by 2015, the policy has garnered much speculation from experts and the World Bank.

A report issued in July by the World Bank said a lack of milling capacity, as well as infrastructure bottlenecks, could hold back three-fourths of the quota.

Mak Kim Hong, president of Cambodia Rubber Association and owner of Chhub Rubber Plantation in Kampong Cham province, said a rubber export goal could attract more investment.

Cambodia’s natural rubber exports increased by 67 per cent, hitting 35,075 tonnes during the first 9 months of the year, Ministry of Commerce data showed.

At the beginning of the year, Cambodia had about 181,400 hectares of rubber plantation with plans to plant 300,000 by 2020, according Ly Phalla, director general of the General Department of Rubber Plantations.

MOST VIEWED

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said

  • Preah Sihanouk beach developments halted

    After receiving an order from Hun Sen, Minister of Land Management Chea Sophara led a team of experts and relevant officials to Sihanoukville to call a halt to the illegal development of a beach. The prime minister ordered the Prek Treng beach in Otres commune

  • CPP: ‘Behave or Sokha suffers’

    The ruling Cambodian People’s Party (CPP) spokesman warned Kem Monovithya on Thursday that her attempt to damage “national reputation and prestige” would lead to her father, Kem Sokha, receiving even harsher punishment. Sok Eysan issued the warning as Monovithya, who is the court dissolved